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John W. Kemper (NYSE:KMPR), President and CEO of Commerce Bancshares Inc. (NASDAQ:CBSH), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Kemper sold 26,042 shares of common stock on February 4, 2025. The sale prices ranged from $67.095 to $67.48 per share, totaling approximately $1.75 million. The transaction comes as Commerce Bancshares, with a market capitalization of $9.17 billion, trades at a P/E ratio of 17.54 and maintains a solid dividend yield of 1.63%.
Following this transaction, Kemper holds 211,929 shares in the company. This sale follows a previous transaction on February 3, where he disposed of 13,215 shares at a price of $65.87 per share to cover tax obligations, totaling $870,472. The stock has shown remarkable strength, trading near its 52-week high of $72.75, while demonstrating a strong commitment to shareholder returns with 11 consecutive years of dividend increases. InvestingPro analysis reveals additional valuable insights about Commerce Bancshares’ financial health and growth prospects.
Kemper’s transactions were executed as part of his role as an insider, reflecting ongoing activity within the executive team at Commerce Bancshares. According to InvestingPro data, the company maintains strong financial health metrics and currently trades below its Fair Value, suggesting potential upside for investors.
In other recent news, Commerce Bancshares Inc. reported Q4 earnings that surpassed analyst estimates, with earnings per share at $1.01 and revenue reaching $422.08 million. The company also disclosed recent changes to its executive compensation structure, which includes new salary figures for 2025 and cash bonuses and restricted stock awards for top executives. Furthermore, Commerce Bancshares announced a 7% increase in its quarterly dividend to $0.275 per share, continuing its 57-year streak of annual dividend growth.
In addition, Piper Sandler adjusted its outlook on Commerce Bancshares, raising the price target to $72 while maintaining a Neutral rating, reflecting the bank’s strong profitability and revenue diversity. These are recent developments that provide an insight into the company’s financial performance and strategic decisions. It’s important to note that these changes in executive compensation and dividend increase are part of the company’s ongoing efforts to maintain competitive practices and return value to its shareholders.
Analyst firm Piper Sandler’s updated price target and neutral stance on the stock are based on its assessment of the bank’s financial health and market position. This information provides investors with a perspective on the company’s current standing and potential future performance, according to the analysts. However, the firm also recognizes that visibility into stronger loan growth or the use of excess capital remains unclear.
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